econphiles co-creators: Justin Svec and Robert Baumann “The Great Recession: Causes” written by Justin Svec; edited by Robert Baumann and Patrick Franco Video editing: Patrick Franco. What is Sub-Prime crises ? Learn how the Austrian business cycle theory can explain the Great Recession of 2008. You can register for Hillsdale Colleges free Econ 101 course here: Today on Crash Course Economics, Adriene and Jacob talk about the 2008 financial crisis and the US Goverments response to the troubles. So, all this starts with home mortgages, and the use.